Algeria : Staff Report for the 2002 Article IV Consultation

1DZAEA0012003 Image
Price:  $15.00

Release Date: © March, 2003
ISBN : 978-1-45181-138-4
Stock #: 1DZAEA0012003
Stock Status: On back-order

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This 2002 Article IV Consultation highlights that the overall budget balance of Algeria weakened in 2001 and the first half of 2002. This deterioration mainly reflected higher spending and a decline in hydrocarbon revenues owing to a reduction in volumes and prices. The overall balance dropped from a surplus of 9.8 percent of GDP in 2000 to a surplus of 3.4 percent of GDP in 2001 and to a small deficit in the first half of 2002. Regarding structural reforms, some progress has been achieved in two areas: economic liberalization and privatization/public sector restructuring.

More publications in this series: IMF Staff Country Reports